2025-06-18
Contrarian take - Sam/OAI are concerned by the risk of Meta and Llama + its app products. Getting your brother to host you on his podcast and then making a set of clearly planned jabs and “don't worry"s - those don't strike me as the behavior of someone who isn't worried.
TechCrunch
On a podcast, Sam Altman said Meta made “giant offers to a lot of people on our team ... like, $100M signing bonuses”, and “none of our best people” accepted
Meta CEO Mark Zuckerberg has been on something of a hiring spree lately, trying to staff up Meta's …
2025-05-18
Chime S-1 - really impressive product metrics, and amazing that they've been able to do so while solving core financial problems for everyday Americans. However, looks tough to parlay the core product into efficient growth as Chime has to spend notably more on S&M vs peers. [image]
The Information
Chime's S-1: MyPay revenue totaled $64.3M in Q1 vs. estimated credit losses from the product of $57.3M, highlighting the risks with the paycheck advance product
Last summer, banking app Chime introduced a lending product that let customers borrow small amounts to get them through to their next paycheck.